June 2020

Integrity & Governance Units (IGU) to Enhance Governance and Ethics in Government Interest Companies

Recently, the Yang di-Pertuan Agong Sultan Abdullah Sultan Ahmad Shah urged the Government to remain committed to the implementation of the National Anti-Corruption Plan. His Majesty’s aspiration is for everyone to champion the conviction in order for the country’s development not to be eroded by corruption, misappropriation and abuse of power. As large amounts of public funds are being channelled into the administration and investment of Government Interest Companies, it is imminent that the Government reaffirms its commitment in combatting corruption through the introduction of various initiatives to encourage good governance and ethics. In this article, our Partner Mohamad Izahar Mohamad Izham and Senior Associate Liya Saffura Ab Rashid of the Corporate & Government Advisory Practice of Zaid Ibrahim and Co. (a member of ZICO Law) provide an informative look into the efforts supported by the National Anti-Corruption Plan within the public sector, with a focus on the establishment and operation of Integrity and Governance Units in Government Interest Companies.

Subject matters: Anti-corruption/bribery, Anti-money laundering
Jurisdictions: Malaysia
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On 1 December 2022, KPMG and ZICO Law entered into an agreement under which a number of law firms and teams from the ZICO Law network have joined the KPMG network of firms.

The deal will see more than 275 lawyers join over 2,900 legal professionals in the KPMG global organization, creating a significant legal footprint across Asia. It will offer legal services and solutions, a globally connected legal services platform, and specialists who work with leading technology providers to modernize legal functions across organizations. The strategic combination increases the total number of legal professionals in the KPMG network to over 3,750 across 84 jurisdictions. You may read the press release here.

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